Senate Bill #2467 (2018)

AN ACT RELATING TO HEALTH AND SAFETY - THE HOSPITAL CONVERSION ACT

Requires that parties to a hospital conversion be subject to a review of any defined pension plan.

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Changes since original draft

  • 2018 – S 2467
  • 2018 – S 2467 AS AMENDED
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  • LC004274
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  • S T A T E O F R H O D E I S L A N D
  • S T A T E O F R H O D E I S L A N D
  • IN GENERAL ASSEMBLY
  • JANUARY SESSION, A.D. 2018
  • ____________
  • A N A C T
  • RELATING TO HEALTH AND SAFETY - THE HOSPITAL CONVERSION ACT
  • RELATING TO HEALTH AND SAFETY - THE HOSPITAL CONVERSION ACT
  • Introduced By: Senators DaPonte, Satchell, Jabour, DiPalma, and Ciccone
  • Date Introduced: February 15, 2018
  • Referred To: Senate Judiciary
  • It is enacted by the General Assembly as follows:
  • SECTION 1. Chapter 23-17.14 of the General Laws entitled "The Hospital Conversions Act" is hereby amended by adding thereto the following section:
  • 23-17.14-35. Defined benefit pension plan - General Treasurers status report.
  • (a) Prior to the conversion of any hospital pursuant to chapter 17.14 of title 23, the general treasurer shall conduct a review of the acquiree and acquirer's defined pension plans and shall provide a report to the general assembly indicating any current or potential issues which may affect the viability of the pension plans and what impact it may have on any conversion pursuant to this chapter.
  • (b) The general treasurer is hereby authorized and empowered to promulgate rules and regulations necessary to implement the provisions of this section including the authority to request documentation of any party relative to assets and liabilities of any defined pension plan.
  • SECTION 2. This act shall take effect upon passage.
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  • LC004274
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  • (a) Prior to the conversion of any hospital pursuant to chapter 17.14 of title 23, the general treasurer shall conduct a review of the acquiree and acquirer's defined benefit pension plans that are for Rhode Island hospitals and that are not covered by The Employee Retirement Income Security Act of 1974 and shall provide a report to the general assembly department of health, and department of attorney general indicating any current or potential issues which may affect the viability of any such pension plans and what impact it may have on any conversion pursuant to this chapter.
  • (b) For ten (10) years following any conversion of any hospital pursuant to chapter 17.14 of title 23 in which the acquiree or acquirer had at the time of such conversion any defined benefit plans for Rhode Island hospitals that were not covered by The Employee Retirement Income Security Act of 1974, the acquirer shall provide annual notice regarding any such plans to the plan members.
  • (c) The general treasurer may, in effectuating the purposes of this section, engage experts or consultants, including actuaries. All copies of reports prepared by experts and consultants, and costs associated with the reports, shall be made available to the acquirer and to the public. All costs incurred under this provision shall be the responsibility of the acquirer.
  • (d) The general treasurer is hereby authorized and empowered to promulgate rules and regulations necessary to implement the provisions of this section including the authority to request documentation of any party relative to assets and liabilities of any defined benefit pension plan.
  • SECTION 2. This act shall take effect upon passage. ======== LC004274 ========
  • EXPLANATION
  • BY THE LEGISLATIVE COUNCIL
  • OF
  • A N A C T
  • RELATING TO HEALTH AND SAFETY - THE HOSPITAL CONVERSION ACT
  • ***
  • This act would require that parties to a hospital conversion be subject to a review of any defined pension plan.
  • This act would take effect upon passage. ======== LC004274 ========

Votes

NOTE: Electronic voting records are unofficial and may not be accurate. For an official vote tally, check the House or Senate Journal from the day of the vote.

Floor vote for Approval of Amendment

May 10, 2018 at 4:59pm
Yeas: 32 / Nays: 0 / Not voting: 5 / Recused: 0
Legislator Vote
Sen. Algiere NV
Sen. Archambault Y
Sen. Calkin Y
Sen. Cano Y
Sen. Ciccone Y
Sen. Conley Y
Sen. Cote Y
Sen. Coyne NV
Sen. Crowley Y
Sen. DaPonte Y
Sen. DiPalma NV
Sen. Euer Y
Sen. Felag Y
Sen. Fogarty Y
Sen. Gallo Y
Sen. Gee Y
Sen. Goldin NV
Sen. Goodwin Y
Sen. Jabour Y
Sen. Lombardi Y
Sen. Lombardo Y
Sen. Lynch Prata Y
Sen. McCaffrey Y
Sen. Metts Y
Sen. Miller Y
Sen. Morgan Y
Sen. Nesselbush Y
Sen. Paolino Y
Sen. Pearson Y
Sen. Picard Y
Sen. Quezada Y
Sen. Raptakis Y
Sen. Ruggerio Y
Sen. Satchell NV
Sen. Seveney Y
Sen. Sheehan Y
Sen. Sosnowski Y

Floor vote for Passage as Amended

May 10, 2018 at 5:02pm
Yeas: 33 / Nays: 0 / Not voting: 4 / Recused: 0
Legislator Vote
Sen. Algiere NV
Sen. Archambault Y
Sen. Calkin Y
Sen. Cano Y
Sen. Ciccone Y
Sen. Conley Y
Sen. Cote Y
Sen. Coyne NV
Sen. Crowley Y
Sen. DaPonte Y
Sen. DiPalma NV
Sen. Euer Y
Sen. Felag Y
Sen. Fogarty Y
Sen. Gallo Y
Sen. Gee Y
Sen. Goldin Y
Sen. Goodwin Y
Sen. Jabour Y
Sen. Lombardi Y
Sen. Lombardo Y
Sen. Lynch Prata Y
Sen. McCaffrey Y
Sen. Metts Y
Sen. Miller Y
Sen. Morgan Y
Sen. Nesselbush Y
Sen. Paolino Y
Sen. Pearson Y
Sen. Picard Y
Sen. Quezada Y
Sen. Raptakis Y
Sen. Ruggerio Y
Sen. Satchell NV
Sen. Seveney Y
Sen. Sheehan Y
Sen. Sosnowski Y